Misinformation can result in complications when planning your estate. Before you start the process of drafting a will, reviewing these common myths can help inform smart choices for your finances. These are the facts behind four often-repeated estate-planning...
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The 4 basic elements of an estate plan
Every adult should have an estate plan. Clearly mapping out your desires for how you want your assets distributed after your death lessens the burden on those you leave behind. While most people think of having a will drawn up, there are a few additional steps to...
How can you pass down your business?
As strange as it sounds, passing down your business is one of the most important business decisions you make. In fact, you should have a plan for business succession before your business even gets off the ground. In order to decide which option works for you, you...
Should you tell your family about your estate plan?
It is natural to feel a sense of accomplishment after your estate plan comes together. After all, it has plenty of moving parts and takes a lot of time, effort and energy to orchestrate. But the journey is not over after you finish the plan. You must keep the plan...
Non-probate assets can save your beneficiaries time and money
If you have a Florida will, your estate may pass through probate faster than if you die without one, but particular assets are still subject to the process. Going one step further and creating an estate plan can increase the amount of non-probate assets, saving your...
The importance of updating estate plans
When you create your estate plans, you do so with the intent of protecting your legacy. However, if you do not update your estate planning documents, your legacy could end up in the hands of some stranger or intended person. Other complications could arise that could...
Linking elder abuse with an unfair will
Courts usually respect the terms in a valid will. It is difficult in most situations to change anything about a will after someone has died. However, there are some situations in which the court might consider a will contest. One of these might be if the decedent had...
What can you do if you do not want inherited real estate?
Inheriting property is not always the windfall that most people assume it is. If you inherit Florida real estate after an elderly parent passes away, and if you do not have the time, means or motivation to keep it, you may wonder what steps you should take next. From...
Proof of broken laws can help you contest a will
You know that the conditions surrounding your family member's will in Florida are inaccurate. There is evidence that despite containing a signature, the absence of some critical aspects may have compromised its legality. When you have evidence of broken laws...
How can I choose the right personal representative?
Choosing a personal representative is an essential part of estate planning. According to Forbes, a personal representative is responsible for locating assets as well as debts, providing your will to the court for review, paying taxes, valuing the estate, and many...